The Articles of
Incorporation of IVAX CORPORATION, a Florida corporation (the “Corporation”),
are restated pursuant to Section 607.1007 of the Florida Business
Corporation Act, to read in their entirety as follows:

ARTICLE
I – NAME

The name of the
corporation is IVAX Corporation (hereinafter called the “Corporation”).

ARTICLE
II – ADDRESS OF PRINCIPAL OFFICE AND MAILING ADDRESS

The address of
the principal office of the Corporation and the mailing address of the
Corporation are 4400 Biscayne
Boulevard, Miami, Florida33137.

ARTICLE
III – CAPITAL STOCK

The aggregate number of shares which the Corporation
shall have authority to issue is Five Hundred Forty-Six Million, Eight Hundred
Seventy-Five Thousand (546,875,000) shares of Common Stock, par value $0.10 per
share.

ARTICLE
IV – PURPOSE

The Corporation
is organized for the purpose of transacting any or all lawful business for
corporations organized under the Florida Business Corporation Act.

ARTICLE
V – SPECIAL MEETINGS OF SHAREHOLDERS

The
shareholders of the Corporation may not call a special meeting of shareholders
unless the holders of at least 50% of all of the votes entitled to be cast on
any issue proposed to be considered at the proposed special meeting sign, date,
and deliver to the Corporation’s secretary one or more written demands for the
meeting describing the purpose or purposes for which it is to be held.

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EXHIBIT
3.1

The foregoing
restatement was duly adopted by the Board of Directors of the Corporation
without shareholder action and shareholder action was not required.

IN WITNESS
WHEREOF, the undersigned officers of the Corporation have executed these
Restated Articles of Incorporation on this 4th day of March, 2005.